{
  "id": 17058502,
  "title": "Starhill Global Reit’s net property income up 2.3% at S$38.8 million in Q1 FY2027",
  "url": "https://urgent.news/2026/10/29/starhill-global-reits-net-property-income-up-2-3-at-s-38-8-million-in-17058502",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T11:59:46.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/starhill-global-reits-net-property-income-2-3-s38-8-million-q1-fy2027"
  },
  "original_language": "en",
  "account": "Starhill Global Reit reported a 2.3% increase in net property income to S$38.8 million for the first quarter of 2027. The real estate investment trust's revenue also rose by 1.2% to S$48.9 million, up from S$48.3 million in the previous quarter. The improvements were primarily due to stronger contributions from its Singapore retail properties and Australia properties. Ngee Ann City, which comprises a significant portion of revenue and net property income, remained at S$17.2 million and S$14.1 million respectively. The Australian property, Myer Centre Adelaide, saw a revenue increase from S$9.7 million to S$10.8 million. This was partially offset by losses from the divested Wisma Atria office strata units and reduced contributions from Wisma Atria retail due to tenant transitional downtime. The REIT currently has a portfolio occupancy rate of 97.4% and a gearing ratio of 36%, with a debt maturity weighted average of 3.3 years as of September 30. Despite challenges such as weaker consumer confidence, inflationary pressures, and intense e-commerce competition, the REIT anticipates that demand for prime retail spaces will remain supported by tourism spending and office-worker footfall.",
  "summary": "Its improved performance is driven by stronger contributions from its Singapore retail and Australia properties",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Capital Business",
        "title": "ALP REIT Pays first Sh120.5 million dividend to investors",
        "url": "https://urgent.news/2026/10/28/alp-reit-pays-first-sh120-5-million-dividend-to-investors",
        "published": "2026-10-28T12:22:11.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}